Which of the Following Statements Is Correct

question 63

Multiple Choice

Which of the following statements is correct?

• A) Sole proprietorships are easy to start.
• B) If the sole proprietorship gets sued, the owner is not liable.
• C) It is relatively easy for sole proprietorships to raise money.
• D) Profits from the sole proprietorship are subject to double taxation.

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Definitions:

Health Insurance Coverage

A contract between an individual or employer and an insurance company to cover part or all of the healthcare expenses incurred by the insured.

Health Care Spending

The total amount of money spent on medical services, medications, and other health-related products and services.

Employer-Provided Benefit

Non-wage compensations provided to employees in addition to their normal salaries or wages, like health insurance, paid vacation, and retirement plans.